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Are Cyber Criminals Hard To Catch?
Despite 100,000 cyber crimes being committed every year UK authorities only caught 12 hackers.
In fact on average just one person was convicted of an offence under the Computer Misuse Act every month for the past 23 years.
We assume that it was not the same bloke, because he would be the most luckless criminal ever.
Campaigners from the Digital Trust, which supports victims of online abuse, said police do not know how to cope with the problem.
Need more laws
Criminal justice expert Harry Fletcher, who is a director of the Digital Trust, said: “The police still concentrate their resources on traditional offences offline, but most people are more likely to be mugged online than in the street.
“The law needs to change. It should, for example, be an offence to use any technological device to locate, listen to or watch a person without legitimate purpose.
“In addition, restrictions should be placed on the sale of spyware without lawful reasons. It should also be against the law to install a webcam or any other form or surveillance device without the target’s knowledge.”
Of course just creating new laws is not going to mean that more hackers will be caught, it will just mean that there are more crimes which they could be arrested for.
The conviction rate against hackers are not bad, if the coppers do arrest someone. Between 1990 to 2006 only 183 defendants were proceeded against and 134 found guilty under the Computer Misuse Act.
Unfortunately the Trust did not see, to realize that a lot of the hacks against companies and individuals come from overseas, particularly Russian or China. Changing laws in the UK would not change anything.
Insurers Eyeing Cyber Coverage
Insurers are eagerly monitoring exponential growth in the tiny cyber coverage market but their lack of experience and skills handling hackers and data breaches may keep their ambitions in check.
High profile cases of hackers seizing sensitive customer data from companies, such as U.S. retailer Target Corp or e-commerce company eBay Inc, have executives checking their insurance policies.
Increasingly, corporate risk managers are seeing insurance against cyber crime as necessary budget spending rather than just nice to have.
The insurance broking arm of Marsh & McLennan Companies estimates the U.S cyber insurance market was worth $1 billion last year in gross written premiums and could reach as much as $2 billion this year. The European market is currently a fraction of that, at around $150 million, but is growing by 50 to 100 percent annually, according to Marsh.
Those numbers represent a sliver of the overall insurance market, which is growing at a far more sluggish rate. Premiums are set to grow only 2.8 percent this year in inflation-adjusted terms, according to Munich Re, the world’s biggest reinsurer.
The European cyber coverage market could get a big boost from draft EU data protection rules in the works that would force companies to disclose breaches of customer data to them.
“Companies have become aware that the risk of being hacked is unavoidable,” said Andreas Schlayer, responsible for cyber risk insurance at Munich Re. “People are now more aware that hackers can attack and do great damage to central infrastructure, for example in the energy sector.”
Insurers, which have more experience handling risks like hurricanes and fires, are now rushing to gain expertise in cyber technology.
“It is a difficult risk to price by traditional insurance methods as there currently is not statistically significant actuarial data available,” said Robert Parisi, head of cyber products at insurance brokers Marsh.
Andrew Braunbergon, research director at U.S. cybersecurity advisory company NSS Labs, said that some energy companies have trouble persuading insurers to provide them with cyber coverage as the industry is vulnerable to hacking attacks that could trigger disasters like an explosion in a worst-case scenario.
Pricing on policies for retailers has climbed in the wake of recent high-profile breaches at Target, Neiman Marcus, and other merchants, he added.
IDL Goes Live
June 5, 2012 by admin
Filed under Around The Net
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The Internet has a cluster of superheroes ready to defend it, the Internet Defence League (IDL).
The IDL was set up by protest group Fight for the Future following the recent outbreak of web site blackouts that were launched to protest against legislation like SOPA and PIPA. It offers web sites a way to show that they are always ready to defend the internet against attack.
“The Internet Defense League takes the tactic that killed SOPA and PIPA and turns it into a permanent force for defending the internet, and making it better,” it says on its homepage. “Think of it like the internet’s Emergency Broadcast System, or its bat signal!”
Like those earlier protests, the idea is to get the more informed people, people that are actually operating internet properties, into the debate.
“Internet freedom and individual power are changing the course of history. But entrenched institutions and monopolies want this to stop,” explains the group. “Elected leaders often don’t understand the internet, so they’re easily confused or corrupted.”
Anyone that runs a web site is invited to join, and the idea is to get millions of people involved. Once they have joined the IDL they will be given software code to add to their web sites to show that they are members.
Is NFC Taking Off?
April 4, 2012 by admin
Filed under Smartphones
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Analyst working for Berg Insight have noted a growth in global sales of handsets featuring Near Field Communication (NFC) increased ten-fold in 2011.
More than 30 million units were sold in 2011 and the market was growing at a compound annual growth rate of 87.8 percent. It predicts that shipments will reach 700 million units in 2016. The global rise in smartphone adoption is also driving higher attach rates for other wireless connectivity technologies in handsets including GPS, Bluetooth and WLAN, the report said.
Some of the reason for the growth is the reduction in the cost of the technology. It is now a staple feature on high-end smartphones and most medium- and low-end models. Declining costs will also enable broader integration in the featurephone segment that is rapidly gaining smartphone-like functionality.
Shipments of WLAN-enabled handsets have more or less doubled annually in the past four years and the attach rate increased to 33 percent in 2011.
GoDaddy To Drop SOPA Support
Giant domain name registrar GoDaddy.com has yanked its support from the controversial Stop Online Piracy Act after owners of several websites stated they would take their business elsewhere.
Negative feedback about SOPA from a number of customers forced GoDaddy to take a second look at the legislation, said Warren Adelman, Go Daddy’s newly appointed CEO. Go Daddy has concerns about the free speech and Internet security implications of the legislation, but until now, has worked with lawmakers to address those issues, he said.
“It’s clear to us the bill’s not ready in its current form,” Adelman said Friday. “Looking at this over the last 20 hours, we’re not seeing consensus in the Internet community, we’re hearing the feedback from our customers.”
On Thursday, Reddit user selfprodigy said he was pulling 51 domain names from GoDaddy because of the registrar’s support of SOPA. The same day, Ben Huh, CEO of the Cheezburger family of humor websites said said his company would move its 1,000-plus domains off Go Daddy unless it dropped its support for the bill, known as SOPA.
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China Debuts Apple iPhone Knock-Off
August 17, 2011 by admin
Filed under Smartphones
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The latest version of Apple Inc’s popular iPhone has already hit the Chinese market — the counterfeit market that is.
The ‘hiPhone 5′ is selling for as little as 200 yuan ($31) on China’s top e-commerce platform Taobao, which is owned by Alibaba Group.
But one has to pay around 800 yuan for a more “genuine” one, according to some store representatives at a mobile phone market in Shanghai.
“Look at this. It’s not the same as the 300-400 yuan ones,” Shanghai-based daily Metro Express quoted a clerk as saying, pointing to one originally priced at 850 yuan.
The ‘hiPhone 5′ is based on leaked images of the yet-to-be-launched iPhone 5 and is thinner and with less rounded edges than the existing iPhone 4, according to the newspaper. However, it is extremely light, almost like a plastic toy, like most pirated mobile phones, it said.